Tycoons Buy In to New Virtual Banks

User rating: 3.8 / 5 after 4 vote(s)

Actual banking has hit the virtual world – one of them, at least. Entropia Universe this week made $400,000 in real cash on the sale of five banking licenses. The licenses will allow their owners to lend cash to the community's participants for the virtual purchase of anything from game-fighting weapons to real estate.


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All News summaries for May 10, 2007

AOL shutting 3 services to cut costs, focus on ads

7 hours ago | User rating: not rated yet
(AP) -- AOL is shutting three data-storage services, including one of the Internet's earliest photo-sharing sites, as it seeks to cut costs and focus resources on its advertising opportunities.

Bikers, pedestrians seeking better Web maps

8 hours ago | User rating: not rated yet
(AP) -- With the old gas-guzzler in the garage, you've got your bicycle ready and your sneakers laced up. Now all you need is a map of the quickest, safest routes for riding around town. Well, not so fast.

Netflix 2Q profit up 4 pct, beats analyst views

8 hours ago | User rating: not rated yet
(AP) -- Netflix Inc.'s second-quarter profit crept up 4 percent, beating analyst expectations as the online DVD rental leader signed up 168,000 new customers while spending less money to attract them to the service.

Europe’s next-generation broadband

8 hours ago | User rating: not rated yet
An enormous research effort by Europe’s leading broadband players has helped accelerate dramatically the rollout of next-generation broadband services reaching speeds in the 10s of Mbit/s in many European countries. That ...

Samsung says Q2 profit up 108 percent

Jul 25, 2008 | User rating: not rated yet
South Korea's Samsung Electronics Co. said Friday that second-quarter profit jumped 108 percent year-on-year, what it called a "relatively solid" performance despite missing market forecasts.
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